Alf Field: Correction in Gold is OVER and on Way to $4,500+! | munKNEE.com

There is a strong probability that the correction in the price of gold [down to $1,523] has been completed. The up move just starting should be…the longest and strongest portion of the bull market…at least a 200% gain… [to] a price over $4,500. The largest corrections on the way to this target, of which there should be two, should be in the 12% to 14% range. [Let me explain how I came to the above conclusions.] Words: 760

So says Alf Field in edited excerpts from his original article*.

Lorimer Wilson, editor of http://www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and http://www.munKNEE.com (Your Key to Making Money!) has edited ([ ]), abridged (…) and reformatted (some sub-titles and bold/italics emphases) the article below for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement.

Field goes on to say, in part:

There is a strong probability that the correction in the price of gold has been completed. In EW terms, [read Gold Bounce Confirms Bull Market Intact on Its Way to $3,000 – $10,000 for another analysis] the correction consists of three waves, an A wave down, a B wave rally and a final C wave decline. There is usually a relationship between the A and C waves. Often they are equal or have a Fibonacci connection. The chart below is of the gold price using PM fixings:

Click below to continue reading:

via Alf Field: Correction in Gold is OVER and on Way to $4,500+! | munKNEE.com.

via Alf Field: Correction in Gold is OVER and on Way to $4,500+! | munKNEE.com.

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